2PointZero Group, a leading Abu Dhabi-based investment holding firm, reported a revenue of AED 21.9 billion ($5.96 billion) for the first half of 2026, delivering a group net profit of AED7.7 billion ($2.1 billion).
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Dubai Holding has contributed 13.5% to Dubai's GDP in 2025 alone, while enabling economic activity estimated at 30% of the city's total GDP through its broader ecosystem of businesses, destinations and districts, the company's first Impact Report said.
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Saudi Arabia has launched a major international initiative to safeguard global shipping lanes, securing the backing of 14 countries for a proposed Maritime Defense Alliance as escalating conflict between the US and Iran raises fresh concerns over the security of two of the world's most important maritime trade corridors — the Strait of Hormuz and the Suez Canal.
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Almar Water Solutions, a part of Jameel Environmental Services and a global leader in water infrastructure development and services, has secured a $940 million contract from Saudi oil giant Aramco to expand its Zuluf Water Treatment Project, thus increasing its treatment capacity to 308,000 cu m/day.
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Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
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Qatar's QAR4.5 billion ($1.24 billion) project to build 14 new schools under the second package of its Schools Development Program has reached approximately 80% completion, marking a significant milestone in the country's efforts to expand education infrastructure through the public-private partnership (PPP) model.
Dubai added 24,800 new units to its residential real estate inventory in H1 2026, a rise of nearly 38% compared to the same period last year and 12% more than in H2 2025, according to leading real estate advisory and property consultancy, Cavendish Maxwell.
Total gold demand during Q2 2026 was flat year-on-year at 1,269 tonnes, as the gold price eased from the record highs seen at the start of 2026, the World Gold Council’s Gold Demand Trends report revealed.
Ardara Company, a unit of Saudi Arabia's sovereign wealth fund PIF, has joined hands with Sumou Holding for the launch of the second phase of its prime Al Wadi development in Abha region, coming up on a 300,000 sq m area at a total investment of more than SAR4 billion ($1.04 billion).
Saudi Arabia's sovereign wealth fund PIF has anchored the first close of Brookfield Middle East Partners, a new private equity fund focused on Saudi Arabia and the wider Middle East, helping raise about $2 billion alongside other institutional investors.
The United States launched a heavy wave of airstrikes against Iran late on Wednesday, marking the most significant direct attack on Iranian territory in days and sharply escalating a conflict that is increasingly threatening regional security, global energy supplies and international shipping.
Explosions hit a natural gas loading port on the Mediterranean Sea in Egypt on Wednesday, and British maritime security company Ambrey said a US-owned floating storage tanker there had been hit by a drone, said media reports in a potential spread of the Middle East war.
Indian engineering and construction conglomerate Larsen & Toubro (L&T) said one of its key subsidiaries has secured a major EPC contract - in the range of Rs50 billion to Rs100 billion ($519 million to $1.03 billion) - from Kuwait Oil Company for its key Jurassic Light Oil (JLO) export facilities.
Saudi Arabia's National Shipping Company (Bahri) has reported a more than six-fold increase in Q2 net profit which hit SAR2.75 billion ($733 million), while its revenue soared to SAR6.3 billion ($1.6 billion), helped by higher freight rates and stronger demand for its crude oil shipping business.
Saudi Arabia's Diriyah Company has awarded a SAR2.7 billion ($723.54 million) contract to build the Waldorf Astoria superblock, to a joint venture between Hassan Allam Construction Saudi Limited and Urbacon Saudi Company, a subsidiary of UCC Holding.
Almar Water Solutions, a part of Jameel Environmental Services and a global leader in water infrastructure development and services, has secured a $940 million contract from Saudi oil giant Aramco to expand its Zuluf Water Treatment Project, thus increasing its treatment capacity to 308,000 cu m/day.
Saudi Arabia's Diriyah Company has awarded a SAR2.7 billion ($723.54 million) contract to build the Waldorf Astoria superblock, to a joint venture between Hassan Allam Construction Saudi Limited and Urbacon Saudi Company, a subsidiary of UCC Holding.
EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, reported revenues of AED2.4 billion ($653.51 million) for the second quarter of 2026 (Q2), an increase of 11% compared to the corresponding period in the prior year.
Dubai’s real estate market continued to consolidate its position among the strongest property markets worldwide in 2026, supported by a comprehensive range of economic and investment indicators reflecting strong demand, high liquidity, sustained capital inflows and an increasingly advanced regulatory and digital ecosystem, according to W Capital Real Estate Brokerage.
Dubai-based Nikki Bisiker Design Studio has completed its design scope as interior design and interior architecture consultant for an ultra-luxury private villa in Al Barari. The new-build residence spans a basement, ground level, first floor and terrace, with a built-up area of over 24,000 sq ft.
Dubai Investments has announced that it has fully acquired Clemenceau Medical Center Dubai, a leading tertiary care hospital in UAE, after boosting the group's ownership from 20% to 100%. The transaction was structured through one of its key units - Dubai Investments Industries.
Uptime Institute and Tech964 Holding Limited (T964), Iraq’s leading digital infrastructure company, have announced a landmark strategic partnership to accelerate Iraq’s digital transformation.
Total gold demand during Q2 2026 was flat year-on-year at 1,269 tonnes, as the gold price eased from the record highs seen at the start of 2026, the World Gold Council’s Gold Demand Trends report revealed.
2PointZero Group, a leading Abu Dhabi-based investment holding firm, reported a revenue of AED 21.9 billion ($5.96 billion) for the first half of 2026, delivering a group net profit of AED7.7 billion ($2.1 billion).
Beyon, a leading telecom company and digital enabler in Bahrain, has reported a 7% increase in its Q2 net profit hitting BD18.3 million ($48.5 million), while its quarterly revenue broadly stood flat at BD126 million ($331 million) supported by higher revenue and operational efficiencies.
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in the UAE, said DTC maintained resilient operations during Q2 2026 and H1 2026 despite a challenging operating environment across much of the quarter.
UFC, the world's premier mixed martial arts organisation, in partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is kicking off Abu Dhabi Showdown Week on Yas Island with an action-packed programme of fan experiences, athlete appearances and live events ahead of UFC Fight Night: Ankalaev vs Guskov at Etihad Arena on Saturday (July 25).
The Emirate of Dubai's population reached 4.580 million by the end of 2025, an increase of approximately 332,000 people compared to the end of 2024, representing a growth of 7.5%, it has been revealed.
